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Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Healthcare Biotechnology
Oncolytics Biotech Inc. is a biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and adaptive immune responses to treat a variety of cancers. This improves the ability of the immune system to fight cancer, making tumors more susceptible to a broad range of oncology treatments. The Company’s primary focus is to advance its programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies. In addition, it is exploring opportunities for registrational programs in other gastrointestinal cancers through its GOBLET platform study.


TSX:ONC - Post by User

Oncolytics Biotech Inc > Biotech buyouts.
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Post by fox7mfon Oct 10, 2022 5:44am
1006 Views
Post# 35015407

Biotech buyouts.

Biotech buyouts.When looking at Immunomedics 2020 buyout by Gilead for $21b, that price represents a 108% premium to the previous days closing price of the stock. If Onc were to be purchased today for $8b, that represents somewhere close to an 11000% premium over our current stock price. Should we be tempering our expectations? I'm confident, but I just wonder if BP will go for something like this. Excuse me if my numbers are off.
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